Manchester Educational Foundation Inc
- Assets
- $2.0m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 64
- Location
- Yazoo City, MS
- Founding
- 07/1990
- Data as of
- 06/2022
- EIN
- 64-0598218
Organization Overview
Manchester Educational Foundation Inc is located in Yazoo City, MS. The organization was established in 1990. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Manchester Educational Foundation Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Manchester Educational Foundation Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A COLLEGE PREPARATORY SCHOOL ACTIVELY SEEKING TO ENSURE THAT EACH STUDENT DEVELOPS IN BODY, MIND AND SPIRIT IN THE PURSUIT OF ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATING OF A SCHOOL, INCLUDING ACADEMIC AND EXTRACURRICULAR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Dendy Headmaster | 40 | $114,908 | |
Byron Kelly President | OfficerTrustee | 2 | $0 |
Jeffery Carenter Vice Preside | OfficerTrustee | 2 | $0 |
Sara Beth Pillow Secretary | OfficerTrustee | 2 | $0 |
Dixie Roberts Director | Trustee | 1 | $0 |
Brett Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,711 |
| Total Program Service Revenue | $1,825,595 |
| Investment income | $9,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,515 |
| Net Income from Fundraising Events | $93,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,805 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,272,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,643 |
| Compensation of current officers, directors, key employees. | $44,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,314,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $102,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,675 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,285 |
| Office expenses | $32,237 |
| Information technology | $20,453 |
| Royalties | $0 |
| Occupancy | $277,456 |
| Travel | $4,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,095 |
| Interest | $12,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,662 |
| Insurance | $71,708 |
| All other expenses | $6,717 |
| Total functional expenses | $2,195,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,664 |
| Savings and temporary cash investments | $21,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,174 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,071,311 |
| Investments—publicly traded securities | $487,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49 |
| Total assets | $2,046,660 |
| Accounts payable and accrued expenses | $78,029 |
| Grants payable | $0 |
| Deferred revenue | $198,542 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $228,391 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,180 |
| Total liabilities | $618,142 |
| Net assets without donor restrictions | $916,534 |
| Net assets with donor restrictions | $511,984 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,046,660 |
Endowment Analysis
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